RBI forex market intervention

Rupee gains 24 paise against $, best weekly show in 2 years – The Times of India

polite6 days ago02 mins

MUMBAI: The rupee finished the week on a strong note, closing at Rs 86.87 against US dollar, up 24 paise from the previous day’s Rs 87.11. This represented its best weekly performance in over two years, rising 0.7% week-on-week, as the dollar weakened against most major currencies. The greenback was on track for its worst…

Forex kitty dips by .11 billion to 0.27 billion – Times of India

Forex kitty dips by $4.11 billion to $640.27 billion – Times of India

polite2 months ago02 mins

NEW DELHI: India’s foreign exchange reserves declined by $4.112 billion to $640.279 billion for the week ending December 27,according to the Reserve Bank of India (RBI) on Friday.This follows a previous decline of $8.478 billion, bringing the total to $644.391 billion, in last week ending on December 20.Recent weeks have shown a consistent decrease in…